Accounting and Finance Organizational Assessment

Get a practical road map for strengthening finance organizational structure and improving accounting operations. This tool provides practical guidance for reviewing roles, responsibilities, reporting lines and staffing needs, helping identify where work may be unevenly distributed or dependent on temporary resources. It also presents several future-state organization options, including internal staffing, payroll outsourcing, managed business services and full business process outsourcing. Each option explains how responsibilities could be assigned and how the proposed structure may affect headcount, oversight and daily accounting activities. It also outlines five recommendations for improving the function, including reviewing ERP configuration, simplifying policies and procedures, outsourcing payroll processing, aligning the organization with business strategy, and improving project accounting activities. For each recommendation, the tool identifies existing gaps, expected benefits, risk levels and change considerations. This makes it useful for finance leaders, internal auditors and business stakeholders who need a clear starting point for discussing organizational changes.

Key Features:

• Compares four future-state accounting and finance organization models
• Provides clear guidance for evaluating roles, responsibilities and staffing needs
• Identifies process gaps, benefits, risk levels and change considerations
• Offers recommendations for systems, policies, payroll and project accounting improvements